Tire Cord Fabrics Market Analysis 2025-2034: Growth Insights, Trends, and Market Dynamics

 

The tire cord fabrics market size has grown strongly in recent years. It will grow from $6.07 billion in 2024 to $6.41 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%.  The growth in the historic period can be attributed to automotive industry growth, rising vehicle production, replacement tire demand, focus on tire performance, tire technology advancements.

The tire cord fabrics market size is expected to see strong growth in the next few years. It will grow to $8.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%.  The growth in the forecast period can be attributed to continued automotive industry expansion, green tire trends, electric vehicle (EV) market, demand for specialty tires, globalization of tire manufacturing, stringent regulations. Major trends in the forecast period include increased focus on sustainability, global infrastructure development, resilience to economic fluctuations, strategic alliances and partnerships, R&D investments for enhanced performance.

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Which industry factors have accelerated the tire cord fabrics market’s expansion?
The increase in production of automobiles is significantly driving the growth of the tire cord fabrics market. Tire cord fabrics are used in automobiles to keep tires in shape and to enhance durability. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Europe-based main lobbying and standards group of the automobile industry, global production of motor vehicles reached 85.4 million in 2022, marking a 5.7% increase from 2021. Hence, the increasing production of automobiles is expected to propel the growth of the tire cord fabrics market over the coming years.

What are the primary segments of the tire cord fabrics market?
The tire cord fabrics market covered in this report is segmented –
1) By Material: Nylon, Polyester, Rayon, Other Materials
2) By Vehicle Type: HCV, LCV, Passenger Cars, Off-Road Vehicles And Two-Wheelers
3) By Tire Type: Radial, Bias
4) By Application: Automotive, Aircrafts, Industrial Products, Other Applications

Subsegments:
1) By Nylon: Nylon 6, Nylon 66
2) By Polyester: PET (Polyethylene Terephthalate), PBT (Polybutylene Terephthalate)
3) By Rayon: High-Strength Rayon, Standard Rayon
4) By Other Materials: Steel, Aramid, Polypropylene


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Which firms are leading the tire cord fabrics market?
Major companies operating in the tire cord fabrics market include  Showa Denko K.K., Bridgestone Corporation, Asahi Kasei Corporation, Indorama Ventures Company Limited, Toray Industries Inc., Hyosung Corporation, Teijin Ltd., Bekaert Corporation, Kolon Industries Inc., Milliken & Company, Far Eastern Group, Kordsa Teknik Tekstil Company, SRF Ltd., Shenma Industrial Co Ltd., Formosa Taffeta Co Ltd., Henan Hengxing Science & Technology Co, Tokusen, Kusumgar Corporates, Cordenka GmbH & Co KG, Colmant Coated Fabrics, Century Enka Limited, Glanzstoff Textilcord, Hanoi Industrial Textile Jsc, Kordarna Plus A.S.

Which market trends are set to define the future of the tire cord fabrics market?
The rise in the focus on developing more eco-friendly tires is a key trend gaining popularity in the tire cord fabric market. The major players in the tire cord fabric market are focusing on developing sustainable tire cord fabrics for eco-friendly tires through partnerships and product launches. For instance, in September 2023, Formosa Taffeta Co., Ltd., a Taiwan-based manufacturing company for tire cord fabrics, launched Etycord. Etycord is an environmentally friendly tire cord cloth produced by Seawastex. The environmentally friendly fabric is made from 100% recycled abandoned fishing nets that have been cleverly turned into nylon by the FCFC chemical recycling process, especially the polyamide-6 (PA6) depolymerization, culminating in the development of Seawastex, an ocean-recycled nylon fiber. Formosa Taffeta then uses Seawastex to make Etycord, giving the cycling industry a greener option for making bike tires. Formosa gathers abandoned fishing nets and turns them into recycled nylon in collaboration with local governments and fishermen, avoiding the need for international shipping throughout the raw material collection and recycling stages. As a result, as compared to virgin nylon manufacture, Seawastex boasts a stunning 49% reduction in carbon impact.

Which geographic trends are shaping the tire cord fabrics market, and which region has the highest market share?
The countries covered in the tire cord fabrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Does The Tire Cord Fabrics Market Report 2025 Offer?
The tire cord fabrics market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

Tire cord fabric refers to a material reinforcement in tires that gives them strength and longevity, gives them shape, supports the weight of the vehicle, and is made to keep tires from wearing. Tire cord fabrics are used as reinforcing materials for tires and are treated with a coating mixture that makes them easier to absorb rubber impregnation and become a part of a rubber tire.

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